Latest News from IBI
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Sunseeker names new CEO
Andrés Rubio takes helm following yesterday’s announcement of new ownership
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Middle East Update - Industry strives to adapt
As day five of the ongoing conflict in the Middle East unravels, IBI’s Middle East correspondent provides an update from two key Industry sources in the United Arab Emirates.
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90-day comment period on Right Whale Vessel Speed Rule opens
Stakeholders have until June 2, 2026, to provide input on the proposal, which seeks to balance conservation with economic and industry concerns
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Twin Vee revenues up but losses continue
Cost reduction initiatives improving the bottom line, but profitability continues to elude US boat builder
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MarineMax shareholders give McGill a vote of confidence
Shareholders of the global marine retailer and service provider, reaffirm their support for CEO William Brett McGill at the company’s Annual Meeting, reelecting him and two directors to three-year terms despite a takeover bid
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Weichai boosts stake in Ferretti Group
Weichai Shandong Heavy Industry Group has raised its stake in Ferretti S.p.A to 39.05% through a share acquisition on the Hong Kong Stock Exchange,
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Cape Town yacht exports soar, but 2025 faces tariff and port challenges
Cape Town’s yacht exports grew 19% annually from 2019 to 2024, but 2025 faces declines due to US tariffs and port constraints
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Hempel achieves record financials, driven by marine segment growth
Paints and coatings specialists delivers strongest financial performance to date with the marine segment leading the way, achieving 9.8% organic growth and €750 million in sales
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IGY Marinas renews management agreement for St. Katharine Docks
US-based IGY Marinas to continue management, marketing of iconic London facility
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Malibu unveils strategic vision behind Saxdor deal
Malibu Boats to expand its market presence, leverage international manufacturing, and fill strategic product gaps
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Preliminary 2025 US sales data down, 2026 starts weak
Preliminary US recreational new boat sales figures for 2025 show across the board declines in units with the exceptions of aluminum fishing boats and PWC, and the January 2026 figures paint a bleak start to the year
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Flux Marine shifts strategy focus to commercial growth
Appointment of former Mercury exec Gary Lancina to advisory board seen as pivotal to achieving revenue growth targets
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GlobeSailor expands Mediterranean charter options with new bases
Yacht charter specialist adds new bases in Albania, Italy, and Malta
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Navigating the future: ICOMIA, EBI and industry leaders discuss market trends, costs, and sustainability in Bosphorus Boat Show panel
During the Bosphorus Boat Show, held in Istanbul between 21-28 February, the panel “Growth in the Yachting Sector and the Effects of Regulatory Frameworks” brought together leading international and Turkish industry representatives to evaluate the sector’s post-pandemic trajectory.
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Mercury cuts ribbon on Florida plant expansion
25,000ft2 expansion to St. Cloud, Florida facility to create 30 new jobs
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Tingdene Group announces new CEO
Ian Collier will transition to the role of Group Executive Chair
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US boat builder completes sale – lease back of its plant and HQ
SeaVee Boats sells Florida plant and corporate HQ for US$51m, leases space back for 10 years
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ISO approves groundbreaking environmental standard for superyachts
ISO/TS 23099 approval is a boost for sustainability in the large yacht sector
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Freedom Boat Club reports record growth in member outings, highlights boating trends among millennials and Gen Z
While boat sales have fallen off significantly since the COVID pandemic, participation in boating remains high, industry leaders around the world profess, and nowhere are those numbers reflected clearer than in the peer-to-peer and subscription boat club models, a growing trend among the very demographics the boating industry is trying ...
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AkzoNobel reflects on 2025, prepares for strategic leap in 2026
Paints and coatings giant publishes its annual report, showcasing a year of operational excellence and strategic milestones
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Conflict in the Middle East – Implications for the marine industry
As we enter the third day of conflict which is now affecting most of the GCC countries, IBI’s Middle East Correspondent considers the issues for the Gulf leisure boating industry and the upcoming Dubai International Boat Show
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MasterCraft adds Caribbean dealer
Yellow Sun Marine as exclusive, authorised dealer in Turks and Caicos
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Mood index: EU economic sentiment nosedives as service sector takes hit
In February, the Economic Sentiment Indicator dropped in both the 27-nation EU and the 21 EU nations that use the euro as their currency (-1.0 point to 98.3 in both areas), the European Commission has reported.
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Sunseeker reports strong sales success from Miami show
Five yacht sales, including the 90 Ocean, highlight the strength of the US market
![Honda rigging pic[1]](https://d1ajyvl96t5n4x.cloudfront.net/Pictures/460x307/8/6/4/59864_hondariggingpic1_71387.jpg)
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Honda extends rigging warranty
New five-year coverage extension aims to drive sales through increased buyer confidence
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Rolls-Royce Power Systems delivers strong results and record investments
mtu engine maker continues on growth path
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Fountain, NauticStar sold to Whisper Marine
The move was led by David Hatley, who acquired Qwest Pontoons in 2005
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New Swedish builder to begin production of lightweight electric watercraft
Roxen Innovations has announced a shift from prototype to manufacturing
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Sunreef Yachts appoints global commercial director
Yvan Eymieu has held roles with Leopard Catamarans and Aquila
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IMO makes the reporting or spotting of lost containers mandatory
The stricter rules mean captains must immediately report when containers fall overboard
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People on the Move this Week
New appointments at Acquera Yachting, Norboat, Smoker Craft and more
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Donerail responds to MarineMax as other suitors begin circling
MarineMax grants Blackstone, Centerbridge, and TPG access to documents for potential bids
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Sunreef Yachts unveils strategic roadmap to €1bn revenue by 2030
Polish builder reports strong 2025 results and unveils Beyond 2030, a strategy to scale operations and drive innovation
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Palumbo Superyachts expands with new facility in Port of Ortona
Italian yard acquires 13,048.98m² area to expand shipbuilding for its yacht brands
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Vitters wins contract for 53m sloop-rigged sailing superyacht
The keel laying is scheduled for January 2027, with delivery expected in 2029
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Astondoa promotes new model amid focus on large yacht development
The Spanish yard is also expanding its global presence, with notable growth in the Americas, Europe, and the Middle East
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Seaquip 2026: Full conference program announced
Next week’s event will feature eight sessions driving innovation, technical discussions, and networking in the nautical supply chain
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Production budget overruns prompt TISG to secure €25m shareholder loan
Overrun concerns spark meetings between management and worker unions
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Twin Vee completes public offering, raises $3m in funding
Proceeds to support working capital and general corporate purposes
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Scania New Zealand acquires South Pacific Diesel Systems
The move strengthens Scania’s presence and customer support in New Zealand
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Balance marks end of an era with launch of final 526 in Cape St Francis
Black Rose is the 34th and final Balance 526 to be launched, as the company transitions to the new Balance 540, produced by Nexus Yachts in Cape St Francis
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Scanstrut wins iF Design Award 2026 for Ventura Series
The UK firm’s compact utility sockets impressed judges with their innovative design, robust engineering, and seamless integration across marine and automotive sectors
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Archipelago Yachts opens new Isle of Wight shipyard
New facility to allow production of up to four yachts simultaneously while introducing next-generation manufacturing processes
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JD.com founder launches new independent yacht brand in China
Sea Expandary was founded by Liu Qiangdong, owner of China’s largest online retailer
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Ikonic Yachts partners with Lekker to bring high-performance dayboats to the US
Agreement supports Dutch builder’s formal entry into the United States
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Performance Sailcraft team launches new fintech platform
The manufacturer-backed initiative aims to reduce financial barriers in dinghy sailing
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New leadership announced for Norboat
Senior advisor Thomas Bjønness steps into the role of CEO, succeeding Magnus Ryhjell
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Off The Hook Yachts to acquire Apex Marine
Transaction will add four South Florida facilities and expand service, refurbishment and sales capabilities
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